Old System Issuer definition

Old System Issuer means a Lender, other than a Non-Acceptance Lender, who does not issue Bankers' Acceptances as depository bills under the Depository Bills and Notes Act (Canada);
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Old System Issuer means a Lender, other than a Non-Acceptance Lender, who elects not to accept Bankers’ Acceptances as depository bills under the DBNA.
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Old System Issuer means a Lender, other than a Non-Acceptance Lender, which elects not to accept Bankers' Acceptances as depository bills under the DBNA.
Sample 1

Examples of Old System Issuer in a sentence

  • The parties agree that should an Old System Issuer become a Lender, the parties will enter into such agreement supplemental hereto and in amendment hereof as the Administrative Agent may reasonably require to accommodate such Old System Issuer completing and accepting drafts executed in blank by or on behalf of the Borrower.

  • The Borrower shall be entitled to elect to market on its own all, but not less than all, of any Bankers' Acceptances issued by the Borrower and accepted by each such Lender and forming a part of the same issue of Bankers' Acceptances by advising the Agent of such election in any written notice of Borrowing by way of Bankers' Acceptances in the form of Schedule A, in a Conversion Notice or in a Rollover Notice; provided that each Old System Issuer shall purchase all Bankers' Acceptances accepted by it.

  • Where a Canadian Borrower so elects in the Canadian Committed Borrowing Notice, it shall be responsible for, and shall make its own arrangements with respect to, the marketing of Bankers’ Acceptances, except for Bankers’ Acceptances accepted by Canadian Lenders (“Old System Issuers”) who are not able to issue Bankers’ Acceptances as depository bills under the Depository Bills and Notes Act (Canada), which Bankers’ Acceptances shall in all instances be purchased by such Old System Issuer.

  • Where a Canadian Borrower so elects in the Canadian Committed Borrowing Notice, it shall be responsible for, and shall make its own arrangements with respect to, the marketing of Bankers' Acceptances, except for Bankers' Acceptances accepted by Canadian Lenders ("Old System Issuers") who are not able to issue Bankers' Acceptances as depository bills under the Depository Bills and Notes Act (Canada), which Bankers' Acceptances shall in all instances be purchased by such Old System Issuer.

Related to Old System Issuer

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Transmission System Operator means a natural or legal person responsible for operating, ensuring the maintenance of and, if necessary, developing the transmission system in a given area and, where applicable, its interconnections with other systems, and for ensuring the long-term ability of the system to meet reasonable demands for the transmission of electricity;

  • system user means a natural or legal person supplying to, or being supplied by, a transmission or distribution system;

  • Bulk Electric System shall have the meaning provided for in the NERC Glossary of Terms used in Reliability Standards, as it may be amended, supplemented, or restated from time to time.

  • Centralized Message Distribution System (CMDS) means the industry-wide data collection system, which handles the daily exchange of message details between CMDS participating telephone companies (also known as CMDS Direct Participants). AT&T-21STATE is a CMDS Direct Participant.

  • Weapons system supplier means any prime contractor or first tier subcontractor engaged in, or having a known prospective interest in the development, production or analysis of any of the weapon systems, as well as any major component or subassembly of such system.

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Renewable energy system means a fixture, product, device, or interacting group of fixtures, products, or devices on the customer's side of the meter that use 1 or more renewable energy resources to generate electricity. Renewable energy system includes a biomass stove but does not include an incinerator or digester.

  • Interconnection Customer means a Generation Interconnection Customer and/or a Transmission Interconnection Customer.